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(PlasticsToday) -- It's a
packaging merger for the ages as Silgan Holdings Inc. announced it has entered
into a definitive agreement to acquire Graham Packaging Company Inc., one of the
world's 3 largest blowmolders of plastics packaging. Silgan controls about 50%
of the North American metal food container market, and also makes composite,
glass and plastics packaging.
Silgan is headquartered in Stamford, CT and operates 83 facilities in the
Americas, Europe and Asia. Graham Packaging operates almost 100 facilities in
the same regions, processing polypropylene, polyethylene and polyethylene terephthalate.
The combined company will have annual sales exceeding USD 6.2 billion,
with more than 17,000 employees at 180 manufacturing facilities in 19 countries.
The purchase will make Silgan a world leader in food and specialty beverage
packaging, with combined revenues of approximately USD 4.6 billion in that
space.
mrcplast.com
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